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and the obama campaign spent the weekend trying to low up media expectations that the president's already won. most mainstream polls do indeed have president obama in the lead, but according to rasmussen, governor romney has an edge among certain voters. 43% of likely voters say they are certain they will vote for mitt romney. 42% say they'll vote for the president. that's a very slight edge, but 15% of voters say they are uncommitted, with a number that large, the debate takes on added importance. new jersey governor chris christie in sharp contrast to the media thinks that romney will pull off a clear win this week. listen to this. >> i've seen mitt romney do this before. he's going to come in wednesday night, go out for america, and he's going to contrast what his view is and what the president's record is and view for the future and this whole race is going to be turned upside down come thursday morning. upsidedown thursday morning, i'm going to offer an opinion, no matter what, the mainstream media will call it a big win for president obama or a bad loss for mitt romney. the bias, compli
and barack obama are busy swatting up and rehearsing for the first television debate this wednesday. polls show the republican candidate is trailing president obama in the crucial swing states. one of them is of course ohio where early voting gets under way tomorrow. from there our north america editor reports. >> ♪ the boys are back in town ♪ >> the boys are indeed back in town yet again. they call this the buckeye state for the men who are fighting for the white house it's a state to suck up to, whether it's buying the local produce. >> i'm thinking we are going to be eating some corn over the weekend. >> or urging minors to phone a friend. >> want you to find one person to convince to vote for our ticket. >> both candidates are well aware in the last election in the last 44 years ohio has voted for the winning candidate so the politicians woo voters. >> we can create one million new manufacturing jobs in the next four years with the right policies. that's what i'm fighting for. that's why i'm running for a second term as president. that's what's going to be important to ohio. >> hi
. >>> we begin this morning with debate prep. president obama and his republican rival mitt romney are both getting ready for their first face to face presidential debate in denver wednesday night. romney is holding a rally in the mile-high city today, while the president gears up in nevada. nbc's tracie potts joins us from washington with the latest. >> reporter: good morning, everyone. we get an interesting perspective on this from john mccain, he's debated both the president and mitt romney. he says we will see two very strong well-prepared debaters and he predicts few surprises. the president's behind closed doors in nevada for the next two days preparing to face mitt romney in denver wednesday. >> he's a good debater. i'm just okay. but what i'm most concerned about is having a serious discussion about what we need to do to keep the country growing. >> reporter: both sides are downplaying expectations. a senior aide to the president says romney will be prepared, disciplined and aggressive. romney's debate partner calls the president a tough debater. >> barack obama is going to be formi
decided to affirm the constitutionity of obama care. botched fast and furous program linked over 300 shooting in the new mexico. more than dozen teenagers left dead. 1300 guns are still unaccounted for. the failed program was under investigation since border agent briknow terry - briantery was killed. >> former governor said the moment he realized the house keeper. he tarted looking like me. and i kind of got it. it was never discussed. i put the things together here. >> duask mildred in >> no, i didn't. it felt like i should take on the of taking care of him and her. >> gretchen: there is more you haven't heard. tune in to "fox and friends" when arnold swarsnegar joins us live >> steve: over the weekend 2000 americans were killed in afghanistan. the president talks about on the stop his greatest achievement and that is the killing of osama bin laden. here he is in nevada over the weekend. >> al-qaida is on the path of defeat and osama bin laden is dead. sounds like he dropped the gm line. >> gretchen: the greatest accomplishment is the killing of osama bin laden so the president is
. >> gearing up, president obama and mitt romney prepare for their first debate. a show down in denver this wednesday. >>> and on the record, are arnold schwarzenegger opens up on "60 minutes" about the affair that produce ad son and ended his marriage. >> it was the stupidest thing i've done in the whole relationship. >> this is the "cbs morning news" for monday, october 1, 2012. >>> good morning. good to be with you. i'm terrell brown. this morning in afghanistan the taliban is claiming responsibility for a suicide attack that killed at least 14 people, including three nato service members. a suicide bomber riding a motorcycle rammed into a patrol. americans have a large presence there. nato is trying to sort out a weekend attack in afghanistan that left two americans dead. the casualties push the number of u.s. personnel killed in afghanistan to 2,000. the circumstances of saturday's violence remains unclear but a fire fight broke out at a checkpoint in eastern afghanistan. what nato hasn't determined so far was the gun battle a result of an insider attack or a deadly misunderstandi
a flood of chinese tires threatened a thousand american jobs... it was president obama who stood up to china and protected american workers. mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. ♪ ♪ and the flowers and the trees all laugh when you walk by ♪ ♪ and the neighbors' kids... what does being true to yourself have to do with being healthy? everything. ♪ but you're not ♪ you're the one ♪ one, one, one, one, one ♪ the one ♪ one, one, one, one, one ♪ the one ♪ one, one, one... >> lose the belly or lose the job. that's the order of hundreds of thousands of officers in lahore an
reporting. i'm deborah feyerick at cnn world >>> a mad dash to the end of the race. president barack obama and governor mitt romney get ready for a face-off at this week's first debate. >>> plus a couple of big surprises from arnold schwarzenegger who talks candidly about his childhood and the housekeeper. >>> and an epic fail by the united states. after being up for a significant lead, the guys in the ryder cup lose big, berman. >> it was a disaster. complete meltdown. well, still, good morning. and welcome to october, everyone. this is "early start." i'm john berman in washington this morning. >> and i'm sir riesirita simon. >>> president barack obama and mitt romney square off wednesday night in denver. both trying to lower expectations practically gushing over one another, but new jersey governor chris christie is going against the grain and setting the bar high for the republican nominee. >>er time mitt romney has been confronted in this campaign with one of these moments, he has come through in a debate and performed extraordinarily well laying out his vision very clearly and also co
, and very good morning to you. i'm veronica de la cruz. today we begin with debate prep. president obama and his republican rival mitt romney are both getting ready for their first face to face presidential debate in denver wednesday night. romney is holding a rally in the mile-high city today, while the president gears up in nevada. nbc's tracy potts joins us with washington from the latest. >> reporter: good morning, everyone. we get an interesting perspective on this from john mccain. he's debated both the president and mitt romney, and he says we will see two very strong well-prepared candidates and in his prediction, few surprises. the president's behind closed doors in nevada for the next two days preparing to face mitt romney in denver wednesday. >> he's a good debater. i'm just okay. but what i'm most concerned about is having a serious discussion about what we need to do to keep the country growing. >> reporter: both sides are downplaying expectations. a senior aide to the president says romney will be prepared, disciplined and aggressive. romney's debate partner calls the presi
first caller. caller: good morning. obama and biden are cutting the military and they don't even say much about it on the news. things will be cut, especially in the navy. there are many people in afghanistan and they will go out with no retirement. as far as romney, i'm not happy with him either. host: our next call is kevin on the line from the democrats. caller: my view on paul ryan is that his health-care plan, the vouchers, it allows an increase based on inflation. in the last 10 years the cost of health care has gone up 11% per year. so it would be up to the individual voucher holder to pay the difference. this has had a tremendous impact on the votes of older people. recent polls show older people are leaving the republican party because of the direct impact of paul ryan as being chosen as vice president. host: let's hear from john in pennsylvania on the independent line. good morning. will the vice-presidential candidates impact your vote? are you there? let's try missoni in fort worth, texas. -- tony in fort worth, on the democratic line. caller: yes, i think it will impact
today. >> how so? >> well, obama is the same kind of antibusiness president and antienterprise president same kind of managerial interfering, strangle, suppressing with president that jimmy carter was. >> you write in here about president obama and i want to get to the right page so i can quote it correctly. you under the obama administration the u.s. experienced a morbid of the infrastructure of the economy, the public sector become a manipulative force intervenes in the financial sectors with gowrn tee that attract talent and -- [inaudible] >> the worst this is the grain cast of the obama administration. and the epa now has a game control over [inaudible] has deemed a po lou assistant, danger to the environment. and co2 is the manhattan and keeps us alive. the circle of life and attempt to oppress co2 epitomizes the kind of antinature, antiimper prize spirit of the administration. it's the reason we need another supply side of the same kind we had under ronald reagan. >> would you change anything you wrote in the original "wealth and poverty." >> i would have changed quite a lot. i mea
be a tragedy in itself. the problem is it's part of a bigger picture that the obama foreign policy is unraveling before our eyes on tv screens. >> i think it interferes with the depiction that the administration is trying to convey that al qaeda is on the wane, everything is fine in the middle east. >> you think it's political? >> how else could you trot out our u.n. ambassador to say this was a spon ttaneous demonstrati? >> maybe they thought that at the time? >> on "meet the press" david plouffe was asked by david gregory if politics had anything to do with the administration labeling the assault as terrorism? >> the president's challenger said the president failed to level with the american people and call this a terrorist attack because you had to be concerned about another terrorist attack from al qaeda in the middle east after the president said that al qaeda had been defeated. >> that's preposterous and offensive to say that. as information was received from the intelligence community, it was distributed this president's record on terrorism takes a back seat to no one. >> wa
that the obama foreign policy is unraveling literally before our eyes on our tv screens. >> i think it interferes with the depiction that the administration is trying to convey, that al qaeda is on the wane, that everything's fine in the middle east. >> you think it's political? >> i think there are certain political overtones. how else could you trot out our u.n. ambassador to say it was spontaneous? >> maybe it was. >> five days later? that doesn't pass the smell test. it was ever ignorance or willful intelligence. >> whether you agree with him or not, senator mccain has the credibility, a war hero, with great experience in washington dealing with foreign policy, how do you think, though, paul ryan did with that? is that turning the page? did that ring true? does that ring as credible saying president obama's foreign policy is unraveling? did that work? >> there is a time and a place for everything. the day after an ambassador's death is not the time to rush out and hold a press conference in america. and by the way, i said the same thing. well, i thought democrats were shameless during the ira
. under the leadership of president obama and the international community, the united nations has put them under some of the strongest sanctions today. oil exports have been correct. the iranian economy has been hit hard. it does have an effect on the economy. we must face the truth. sanctions have not stopped iran's nuclear program. according to the international atomic energy agency, during the last year alone, iran has doubled the number of energy uses in its underground nuclear facility. at this late hour, there is only one way to peacefully prevent iran from getting atomic bombs, and that is by placing a clear red line on iran's nuclear weapons program. [applause] red lines do not lead to war. they prevent war. look at nato's charter. it made clear that an attack on one member country would be considered an attack on all. red lines have helped keep the peace in europe for nearly half a century. and help preserve the peace for decades. it is the failure to place red lines that has often invited aggression. if it were drawn in the 1930's, world war ii might have been avoided. the first
this morning, crunch time in the race for the white house. just two days remain before president obama and mitt romney square off in denver for the first of three critical debates. president's being prepped in nevada today. and the gop challenger has some ground to make up because a brand-new "washington post"/abc news poll this morning has the president leading by two percentage points among likely voters. it's not unusual for candidates to try to lower expectations in the days leading up to dedebate. republicans have been playing up the president's eloquence, ever since last week. but it seems somebody forgot to tell new jersey governor chris christie, because he was setting the bar high for mr. romney. listen. >> he's going to come in wednesday night, lay out his vision for america, he's going to contrast what his view is with what the president's record is, the president's view for the future and this whole race is going to be turned upside down come thursday morning. >> upside down is what he says. in just a few minutes we're going to be talking about wednesday night's debate and the presi
and what do you bring to the table? guest: how about the truth, for starters. the notion that obama and mitt romney are arguing over who will spend more on medicare. when we need to have a raging debate in this country on how we cut medicare spending, spending, i think we will find ourselves in the midst of a monetary collapse. that issue/ what is your prescription? pardon the expression. guest: i oversaw the reform of medicaid when i was governor of new mexico. we saved hundreds of millions of dollars. we set a better health-care networks for the poor. i believe if the government blocked -- done away with the strings and the manas, i could have overseen the delivery of health care to the poor. -- do away with the mandates. health care for those over 65. get the federal government out of health care completely. get is how we're going to out of this. giving it up to the states. 50 laboratories of innovation. i think that is exactly what we will have. we will have some fabulous success. we will also have some horrible failures. that's how we will find ourselves out of this. host: gary
the math doesn't work. >> you're the master of the budget. so let's go through the plan. the obama camp says independent groups say if you cut those tax rates for everybody 20%, it costs $5 trillion over ten years. true? >> not in the least bit true. >> how much would it cost? >> its revenue neutral. >> i'm just talking about the cuts. we'll get to the deductions. >> the cut in tax rates is lower all americans tax rates by 20%. it's revenue neutral. >> it's not revenue new pral unless you take away the deductions. the first half, lowering the tax rates, does that cost $5 trillion? >> no. look, i won't get into a baseline art with you but that's what a lot of this is about. lowering tax rates by broadening the tax base works. and you can -- let me finish. >> you haven't given me the math. >> i don't -- it would take me too long to go through all of the math. >> i got to tell you, what did you think of that? i thought that was unbelievable. >> why? >> first of all, it was on fox which we all have views on what you think fox will do. second of all, i think he has no details. >> i don't agr
, thanks so much. president obama and mitt romney are getting ready for their first debate this wednesday. some conservatives say mitt romney needs a to do a better job selling his tax message which at times seems a little bit muddied. lou dobbs is here to weigh in. i think that was generous. >> very generous. by the way same can be said and should be said of president obama. what these two men are doing, in their economic policies, excuse me, is truly bizarre. they're both obfuscating a bit. to what end, one doesn't know. when you try to win election, seems to me, and i have only covered six presidents but i think it is better if you're clear and direct as you can be with the voter if you want them to vote for you. that is just my feeling. melissa: yeah. >> unless you've got a record a little like mr. obama where you don't need them to focus in quite so sharply on your record, maybe a little fuzz is good. when you were the guy coming at him, you better be sharp and focused and neither man is, i think entirely achieving his goals. melissa: the president, so much of his campaign focused on
and president obama prepare for their first debate. >>plus convicted d-c sniper lee boyd malvo opens up about the murders he helped commit a decade ago as a teenager. and a man who worked as an aide to an illinois congressman was accused of assaulting lindsay lohan over the weekend. [ male announcer ] this is sheldon, whose long day setting up the news starts with arthritis pain and a choice. take tylenol or take aleve the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. >>three americans serving with nato forces in eastern afghanistan were killed today in a suicide bombing attack. in all 14 people were killed and 37-others were injured. witnesses tell reuters the bomber was wearing a police uniform and drove a motorcycle strapped with explosives. the afghan taliban is claiming responsibility for the attack. the bombing follows the killing of two americans on sunday during a shoot out with afghan forces. >>a decade after the infamous washington, d.c. sniper murders, one of the convicted snipers says he fee
president barack obama and republican candidate, mitt romney, spent the weekend preparing to go head-to-head. romney used senator portman of ohio to act as his opponent. john carrey played the president. they said both men are ready. >> i think that both are excellent in their own way. you can argue that mitt has had a lot more recent experience. >> the president has a day job. the president has been president and has not had the time to practice. all we hear about is how much mitt romney is practicing, practicing, practicing wherever he goes. >> reporter: today, president barack obama headed to las vegas while mitt romney attended church in massachusetts. >>> in afghanistan, five people are dead including two americans after a firefight broke out in the eastern part of the country. an insider attack similar to the ones that have killed dozens of nato forces. drew levenson tells us how this a tack marks a grim milestone. [gunfire] >> reporter: this weekend marked a deadly milestone in afghanistan. 2,000 american soldiers killed since the war began nearly 11 years ago t. happened at
a gun fight with afghan soldiers. >>> president obama appears to be winning over voters in states that could decide this election. he leads mitt romney by two percentage points among likely voters nationwide. according to the latest "washington post"/abc news poll. the president leads his republican rival by 11 points among likely voters in swing states. that includes virginia, ohio, and florida. both candidates will spend the next couple of days preparing for their first debate. it takes place wednesday night in november. the president is getting ready in nevada. romney is already in denver. >>> and vp candidate paul ryan will prepare for his debate in virginia as well. the republican congressman will hold a three-day camp starting on wednesday. it is still unknown where he'll be exactly in the state for his debate prep. as for vice president joe biden, he's using maryland representative chris van holland to stand in as ryan. the vp debate is set for october 11th in kentucky. >>> today the supreme court's new session begins. the nine justices will rule on several key cases, inclu
-stakes of the first debate has candidates leaving. nothing to chance. president obama and governor romney racing to get in last minute prep before going face-to-face first debate next wednesday in denver that is. what should we expect? let's ask bill kristol, editor of "the weekly standard" and byron york, chief political correspondent for the "washington examiner". welcome to you both. byron, i'll start with you. what does romney have to do to show up roads in here. even voters say they don't expect him to win? >> well the thing, he has to do the same thing he had to do all along which present himself as a good alternative to the president who will take the country in a different direction than the president and can point out the numerous flaws in the president's record. i mean, i wonder whether romney has actually been preparing too much. he has been doing enormous amount of this stuff. he did a unabout much of debates in the republican primaries. it got to where he was quite sharp. whether he is lost his edge by now i don't know. gerri: bill, you've been very critical of romney saying that in
. president obama for mitt romney. some new data out. most people have made up their minds. 15% could be convinced to choose somebody else. that seems kind of hype. first, here are some currencies. look how they are shaping up against the dollar today. ♪ follow the wings. ♪ >> @23 minutes past the hour i have good news minute. at least 14 people are dead after a bombing attack in afghanistan. thirty-seven for her to the attack. a new report finds dozens of weapons connected to the bathroom. and it gone rubbing fetish they were linked to murders, kidnappings and other drug cartels. your seafood may be shrinking over the next few decades. researchers at the university of british columbia faced global warming will reduce the size of 600 species of fish. warmer oceans will reduce the amount of oxygen in the water. those are your news headlines on the fox business network. dagen: thank you so much. the supreme court is back in session. first on the agenda, a human right case revolving around a ball around 1789. connell: peter barnes covered that. >> argument ending for this first case.
all registered voters, obama hold as five point lead, but 52% of them are being a stros swi acrosses swing states, they favor the obama. the debate starts wednesday at 8:00 p.m. eastern. >>> and if president obama is reelected, one of the first job may be to find a replacement for geithner. the wall street journal reports the white house chief of staff jack lew and former clinton chief of staff are two top candidates. both budget experts and could play a major role in the looming fiscal cliff. >>> nokia's into another big customer for its mapping software. the "wall street journal" says the company will unveil a deal with oracle today in san francisco. nokia also recently signed deals with groupon and amazon. nokia a got into the map business with it purchase and has been expanding the service. and back to the banks, shares in banco have been suspended. the bank has announced it will report record write downs of 9.3 billion euro this is year and have suspended its dividend this month. julia has more reaction to what they're saying. they'll launch the share increase by mid november. d
own. >>> a new abc news poll finds that a majority of registered voters think president obama will be re-elected. the poll found 63% expect obama to win. 56% of potential voters expect the president to win the debate. karen travers has a look at how both parties are preparing for the first debate on wednesday. >> president obama arrived in nevada for three days of what campaign aids are calling debate camp. he took a break to rally supporters in that critical battleground state. >> i believe in you, and i ask you to keep on believing in me. >> both the president and mitt romney will hunker down over the next few days as they huddle with senior advisors to prepare for wednesday's high stakes showdown in november. aids to both campaigns have been bending over backwards to come compliment their opponent and downplay expectations. kris chris -- chris christie set a high bar for romney. >> this is the first time america can see these guys side by side laying out their visions unfiltered. it will be a powerful moment for mitt romney. >> they are preparing for mitt romney to come arm
of registered voters think president obama will be re-elected. the poll found 63% expect obama to win. 56% of potential voters expect the president to win the debate. karen travers has a look at how both parties are preparing for the first debate on wednesday. >> president obama arrived in nevada for three days of what campaign aids are calling debate camp. he took a break to rally supporters in that critical battleground state. >> i believe in you, and i ask you to keep on believing in me. >> both the president and mitt romney will hunker down over the next few days as they huddle with senior advisors to prepare for wednesday's high stakes showdown in november. aids to both campaigns have been bending over backwards to come compliment their opponent and downplay expectations. kris chris -- chris christie set a high bar for romney. >> this is the first time america can see these guys side by side laying out their visions unfiltered. it will be a powerful moment for mitt romney. >> they are preparing for mitt romney to come armed. >> they have been practicing the zingers for months. i'm su
poll by the "washington post" finds the race still very tight nationwide with president obama leading mitt romney by two points, 49% to 47%. but in two of the biggest swing states, the states that will decide the election, the president has a bigger lead. in florida, a quinnipiac university/cbs news/"new york times" poll has the president ahead by nine points, 53% to 44%. in ohio he leads governor romney by ten points, 53% to 43%. john dickerson is our cbs news political director. john, some republicans are complaining these polls aren't painting an accurate picture. do they have a case? >> reporter: well, they have a case when they remind us that polls are a snapshot in time and that things can change. really what we should look at in polls is the trends and how things are moving over time, the currents. and right now those favor barack obama. the polls are really more like a painting than they are a digital photograph. one of the other complaints is that pollsters are talking to too many democrats. in 2004 democrats said pollsters were talking to too many republicans. it's a standar
beginning to president obama. i hear they're not doing that, but they are diverting money that was promised to mitt romney and diverting it to these house and senate races where they think they can help republicans keep the house and maybe pick up seats in the senate, maybe take the senate. ashley: so they're losing heart in the campaign. >> reporter: clearly there is a trend out there where they are, and the money is starting to shift. now, this trend is lot of people -- these same people that i'm talking to, i will say these are major fundraisers for mitt romney, and they raise for other people, republicans, and not only that, they are pretty tight inside the campaign. what they're saying is they think this trend could be reversed. what could reverse this trend? a really good debate performance. what could expedite -- and that debate, as you know, comes wednesday. what could expedite this trend? a really lousy debate performance. ashley: no pressure. >> reporter: you're clearly going to see republican donors, at least they have the sentiment, they've expressed the sentiment that they are
on the defense companies feeling the hate from the obama administration on the timing of potential job cuts. wait until you hear the details of what's happening now. >>> up next, what will move your money first thing tomorrow morning? three of wall street's top money pros here tell you what they're watching, on the other side of this break. stay with us. ♪ [ man ] when i'm in my zone... every move i make is a statement... ♪ ...that inspires me to make my mark. ♪ [ male announcer ] the all-new lexus es 350. ♪ >>> all right, welcome back, 30 seconds on the clock, our next guest telling us what they think will move the markets tomorrow morning. we get right to it right now. ubs, steven nicholas, and good to have you on the program, everybody. let's kick it off with you, what are you looking at tomorrow? 30 seconds on the clock. >> well, if you're watching emerging markets, look out for brazil industrial production tomorrow morning at 8:00 a.m. probably mark the 12th straight month of contracting ip, going back to last september. this probably is most importantly for growth but also let's kee
, but north still seeing volume in that area. aaron and angie, back over to you. >>> president obama appears to be winning where it matters most. aittle more than five weeks before the election, he leads mitt romney by two percentage points among likely voters nationwide. that's according to the latest washington post/abc news poll. the president leads his republican rival by 11 points among likely voters in swing states. that includes virginia, ohio, and florida. the president is taking a break from campaigning today to prepare for the first presidential debate on wednesday in denver. he's prepping in nevada, where he held this rally last night. he told supporters there in las vegas he hopes the debate serves as a conversation about what needs to be done to keep the country growing. the president will return to the campaign trail later this week. he is scheduled to visit fairfax county on friday. >>> mitt romney heads to denver today. the republican presidential nominee will hold a rally there this evening as he prepares for wednesday's debate. his campaign is hoping the debate gives romney
, channelling mitt romney. in an iowa poll out today, president obama got another boost, leaving governor romney by four points, 49 to 45%. the president at ease, even making fun of his own gaffe. >> i want to see us export more jobs. export more products. excuse me. excuse me -- i was channelling my opponent there for a second. >> reporter: last week romney hinting at his debate approach. >> he's trying to fool people in to thinking thing that's don't and that ends during the debate. >> reporter: for days both sides have been tamping down expectations. today on the sunday talk shows. >> he's prepared more than any other candidate in i think history, certainly recent history. >> sometimes we expect a major breakthrough, the comment. that doesn't happen often. >> reporter: on "meet the press," new jersey republican governor chris christie had another take. >> thursday morning the entire narrative of the race will change. >> in an interview, anne romney reveals the greatest concern if her husband becomes president. >> my biggest concern would be for the, his mental well being. i have all the confi
, that, those are things that can help the economy. i don't see anything in the obama campaign that will help the economy. he has a debate, they have a debate on concerns wednesday. do you think that he should begin the debate by focusing on his tax plan? >> wiser political people than i will have to make that call but i would certainly think it would be an opportunity to explain to the public that cutting taxes is a way of encouraging people to invest, to expand, hire and that's really what the economy needs. david: finally, the federal reserve board, you have been critical of the federal reserve board and its actions. some people say ben bernanke says, while there is no inflation there is not necessarily an economic cost to doing all of the bond buying they have been doing, the money printing they have been doing. is there a cost and if so, what is it? >> i think there is a longer term risk. i think right now it is doing very little good. lowering interest rates at a time when mortgage rates are at rock bottom, when corporations are awash in fund, doesn't do any good. i think
and it will limit the upside for next year. >> is there a point at which you see obama in the polls and you say actually now i believe that we are going to get the tax hikes and the market should fall? there must be a watershed quite soon as we head towards particularly what happens in the house and the senate. >> our focus has been on the senate. we think that's what's going to mostly influence the outcome. i hope there's appetite to see the rates low. i don't see a benefit from raising them. i would call a coin toss on the senate outcome. but wiser minds will see the wisdom of helping the fed in its efforts to stimulate asset prices by not onerously raising taxes on the most important asset class other than homes. >> have you actually calculated a number? you said it would give back some of the rally. but is there a number or a percentage? >> 12-month price target is 1,500. we've written in our research that 1,600 would be a reasonable 2013 end. i need to see an acceleration in global growth. >> contingent on both, not just the tax issue? >> both. somewhere between 1,500 and 1,600. >> david,
to remember that zuckerberg also wore a suit when he met with president obama so he's willing to put on a suit if the occasion merits it. and i think it shows that he's really trying to expand facebook overseas and facebook does have a huge number of international users but the monetization to go back to that word -- facebook isn't making as much money overseas as it is here in the u.s. as a user. that has to ramp you were and i think he is in russia to try to get that started. >> let's look at where facebook's stock stands right now if we can put that up to see how it has performed today as we roll out the chunks from your -- it is up 1.5% on the day as you see there at $21.98. sue? >>> if you're looking for yield in this low interest rate environment -- who isn't -- check out big pharma. which companies may be preparing to boost their dividends coming up. >>> as we head out, here's how the five biggest dividends in the dow jones industrial 30. our favorite, intel, up 1.68%. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesti
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